Areas of consideration:<\/b><\/p>\n On the H4, with RSI moving in a bullish momentum and prices breaking out of the descending trendline,we have a bullish bias that price will rise from our 1st support at 1829.56 where the horizontal overlap support is to our 1st resistance at <\/span>1857.48<\/span> in line with the horizontal swing high resistance, 61.8% Fibonacci retracement and 100% Fibonacci projection. Alternatively, price may break 1st support structure and head for 2nd support at 1820.14 where the horizontal pullback support is.<\/span><\/p>\n Areas of consideration:\u00a0<\/b><\/p>\n <\/p>\n <\/p>\n On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from our 1st support at 1.23920 where the horizontal overlap support is to our 1st resistance at <\/span>1.25474<\/span> in line with the 61.8% Fibonacci projection. Alternatively, price may break 1st support structure and head for 2nd support at 1.23329 where the horizontal swing low support and 78.6% Fibonacci projection are.<\/span><\/p>\n Areas of consideration:<\/b><\/p>\n On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at <\/span>0.98710 <\/span>where the 50% Fibonacci retracement is to our 1st support at 0.97071 in line with the swing low support. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the 61.8% Fibonacci retracement.<\/span><\/p>\n Areas of consideration<\/b><\/p>\n On the H4, with price expected to reverse off the ichimoku cloud resistance, we have a bearish bias that price will drop from our 1st resistance at 1.04826 where the 23.6% Fibonacci retracement is to our 1st support at <\/span>1.03586<\/span> in line with the horizontal swing low support. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the horizontal swing high resistance is.<\/span><\/p>\n Areas of consideration :<\/span><\/p>\n On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that price will drop from our 1st resistance at 128.085 where the 38.2% Fibonacci retracement and horizontal overlap resistance is to our 1st support at <\/span>126.787<\/span> in line with the 78.6% Fibonacci projection. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 128.831 where the horizontal swing high resistance and 61.8% Fibonacci retracement is.<\/span><\/p>\n Areas of consideration:<\/b><\/p>\n On the H4, with price expected to reverse off the ichimoku cloud resistance, we have a bearish bias that price will drop from our 1st resistance at 0.70604 where the overlap resistance and 50% Fibonacci retracement is to our 1st support at <\/span>0.68277<\/span> in line with the swing low support. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the horizontal swing high resistance is.<\/span><\/p>\n Areas of consideration\u00a0<\/span><\/p>\n On the H4, with price expected to reverse off the ichimoku cloud resistance, we have a bearish bias that price will drop from our 1st resistance at 0.63669 where the overlap resistance and 50% Fibonacci retracement is to our 1st support at <\/span>0.62288<\/span> in line with the swing low support. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the horizontal swing high resistance is.<\/span><\/p>\n Areas of consideration:<\/b><\/p>\n On the H4, with price moving below the ichimoku, we have a bearish bias that price will drop from our 1st resistance at 1.29039 where the horizontal pullback resistance is to our 1st support at <\/span>1.27122<\/span> in line with the swing low support. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the horizontal swing high resistance is.<\/span><\/p>\n Areas of consideration:<\/b><\/p>\n On the H4, with price expected to bounce off the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 111.36 where the 23.6% Fibonacci retracement from our 1st support at <\/span>106.74 <\/span>in line with the horizontal overlap support and 50% fibonacci retracement. Alternatively, price may break 1st support structure and head for 2nd support where the horizontal pullback resistance is.<\/span> Areas of consideration:<\/b><\/p>\n On the H4, with price expected to bounce off the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 31835 where the 23.6% Fibonacci retracement from our 1st support at <\/span>31167 <\/span>in line with the horizontal overlap support and 50% fibonacci retracement. Alternatively, price may break 1st support structure and head for 2nd support where the horizontal pullback resistance is.<\/span><\/p>\n Areas of consideration :\u00a0<\/b><\/p>\n
\n<\/span>On the H4, <\/span>with prices below the ichimoku indicator and prices breakout of the ascending channel, we have a bearish bias that price will drop to our 1st support at 102.492 where the horizontal swing low support and 78.6% Fibonacci projection are from our 1st resistance at 103.276 in line with the horizontal pullback resistance. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 103.903 where the horizontal swing high resistance and 50% Fibonacci retracement are.<\/span><\/p>\n\n
![\"\"](\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/05\/DXY_2022-05-20_07-48-56.png\")
<\/a><\/p>\nXAU\/USD (GOLD):<\/span><\/h2>\n
\n
<\/a><\/p>\nGBP\/USD:<\/span><\/h2>\n
\n
<\/a><\/p>\nUSD\/CHF:<\/span><\/h2>\n
\n
<\/a><\/p>\nEUR\/USD :<\/span><\/h2>\n
\n
<\/a><\/h2>\nUSD\/JPY:<\/span><\/h2>\n
\n
<\/a><\/p>\nAUD\/USD:<\/span><\/h2>\n
\n
<\/a><\/h2>\nNZD\/USD:<\/span><\/h2>\n
\n
<\/a><\/h2>\nUSD\/CAD:<\/span><\/h2>\n
\n
<\/a><\/h2>\nOIL:<\/span>\u00a0<\/span><\/h2>\n
\n<\/span><\/p>\n\n
<\/a><\/h2>\nDow Jones Industrial Average:<\/span><\/h2>\n